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Real Estate Prices & Overview

Ridgecrest median real estate price is $223,358, which is more expensive than 55.9% of the neighborhoods in Oklahoma and 25.5% of the neighborhoods in the U.S.

The average rental price in Ridgecrest is currently $1,529, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.3% of the neighborhoods in Oklahoma.

Ridgecrest is a suburban neighborhood (based on population density) located in Midwest City, Oklahoma.

Ridgecrest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Ridgecrest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Ridgecrest are 3.8%, which is lower than one will find in 75.1% of American neighborhoods. Demand for real estate in Ridgecrest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

The Ridgecrest neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.9% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Diversity

Did you know that the Ridgecrest neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have Native American ancestry.

Ridgecrest is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 95.8% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Ridgecrest neighborhood in Midwest City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.1% of U.S. neighborhoods. With 14.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Ridgecrest neighborhood, 35.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.4%), and 8.1% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Ridgecrest neighborhood is English, spoken by 97.4% of households. Some people also speak Spanish (2.6%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Ridgecrest neighborhood in Midwest City, OK, residents most commonly identify their ethnicity or ancestry as German (11.5%). There are also a number of people of Irish ancestry (9.4%), and residents who report English roots (7.5%), and some of the residents are also of Mexican ancestry (5.8%), along with some Native American ancestry residents (5.0%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Ridgecrest neighborhood spend under 15 minutes commuting one-way to work (47.8% of working residents), one of the shortest commutes across America.

Here most residents (74.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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